Though the most rapid home price appreciation occurred when short-term interest rates were at their lowest levels, Bernanke argued that the “magnitude of house price gains seems too large” to [...]
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Monday, January 4, 2010
Bernanke: Exotic Mortgages Caused Housing Bubble
Bernanke: Exotic Mortgages Caused Housing Bubble: "Fed Chairman Ben Bernanke noted in a speech yesterday that an increase in exotic mortgages, not monetary policy, was the cause of the latest housing bubble.
Though the most rapid home price appreciation occurred when short-term interest rates were at their lowest levels, Bernanke argued that the “magnitude of house price gains seems too large” to [...]
"
Though the most rapid home price appreciation occurred when short-term interest rates were at their lowest levels, Bernanke argued that the “magnitude of house price gains seems too large” to [...]
"
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